Planning to renovate your newly purchased or current home, partially or fully? Let your insurer know so your policy can be updated accordingly.
Like many homeowners, you might want to remodel your new house before moving in or give your long-time residence a much-needed refresh. But have you thought about notifying your insurer to protect yourself from the extra risks this brings? Think water damage, tool theft, or on-site accidents.
If the house is unoccupied, take precautions
If you're not living in the home during renovations, your insurer may require you to make regular visits to ensure everything is in good condition. They may also ask you to take steps to make the home look occupied: leave lights on, collect the mail, mow the lawn, etc.
Also, in the case of a vacant home, certain risks like broken windows or water damage might be excluded from your coverage. That’s because insurers consider unoccupied homes more vulnerable to unwanted visitors: vandals, wild animals, or even squatters.
On the flip side, your renovations can help lower risks, like replacing an old roof to reduce leak potential. Once your work is done, contact your insurer with a list of improvements. These changes could work in your favor.
A “brother-in-law” insurance policy
Got your brother-in-law, cousin on vacation, or a handy friend doing the work? These helpers likely aren't covered by the CNESST, so it's wise to get employer's liability insurance during the project. That way, you're not exposed to trouble if someone gets injured and loses income.
However, if you’re hiring a licensed contractor recognized by the Régie du bâtiment du Québec (RBQ), their insurance will apply.
Have questions or want more details? Contact a Lussier home insurance expert at 1-855-LUSSIER.
